PM: Greece Gets €70bn in EU Covid-19 Recovery Funding

By admin 21 Ιουλίου 2020 No comment

Greek Prime Minister Kyriakos Mitsotakis. Photo source: @primeminstergr Greece secured at least 70 billion euros in EU rescue funds to address the repercussions of the coronavirus pandemic from a 750-billion-euro recovery plan agreed on in Brussels on Tuesday. Greece secured 70 billion euros in EU rescue funds to address the repercussions of the coronavirus pandemic […]

Commission: €1.14bn to Support Greece’s Covid-hit SMEs

By admin 14 Ιουλίου 2020 No comment

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Approximately 90,000 small- and medium- sized enterprises in Greece will be able to tap into a total of 1.14 billion euros in funds released this week by the European Commission to address the impact of Covid-19. Of the 1.14 billion euros available, some 600 million euros will be distributed in the form of grants, the […]

Study Shows Europeans Wary of US, Want EU to Unite

By admin 30 Ιουνίου 2020 No comment

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Photo Source: ECFR The majority of Europeans feel “alone and vulnerable” and do not consider the US an ally in their fight against Covid-19, according to a European Council on Foreign Relations (ECFR) study released this week. Conducted by Datapraxis and YouGov in nine EU states, the poll found that just 2 percent of Europeans […]

Covid-19 Recovery Plan Tops EU Leaders’ Meeting

By admin 19 Ιουνίου 2020 No comment

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Photo Source: @European Commission Reaching an agreement on a far-reaching Covid-19 recovery plan budgeted at 750 billion euros topped the agenda of an EU leaders meeting on Friday as the Union prepares to face the worst recession in its history. The virtual summit examined the Commission’s proposed coronavirus rescue fund dubbed “Next Generation EU” aimed […]

FinMin: Greece Doesn’t Need ESM Covid-19 Credit Line

By admin 5 Ιουνίου 2020 No comment

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The Hellenic Parliament. Photo Source: @PressParliament Greece has no need to resort to European Stability Mechanism (ESM) loans issued to member states to deal with the coronavirus (Covid-19) impact, said Greek Finance Minister Christos Staikouras, speaking at an Economist conference on Friday. “Based on current data, Greece does not need to resort to the ESM’s

Greece Lays Out Plan to Make Best Use of EU Emergency Funding

By admin 29 Μαΐου 2020 No comment

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The Greek government is looking to put a total of 22.5 billion euros in EU subsidies to immediate use aimed at addressing the impact of Covid-19 and strengthening the economy. Finance Minister Christos Staikouras said this week that Greece in October will table its priorities to the European Commission so that it can immediately begin […]

Commission Tables Covid-19 Recovery Plan to Kick-start EU Economy

By admin 27 Μαΐου 2020 No comment

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Aiming to accelerate recovery in the aftermath of the coronavirus (Covid-19) outbreak, the European Commission announced on Wednesday its proposal for a new recovery tool that help will boost jobs and growth of impacted Union economies. Dubbed Next Generation EU, the new 750-billion-euro instrument to be part of the revamped long-term EU budget, will prioritise […]

ESM Credit Line Now Open, Greece Could Save up to €800m

By admin 18 Μαΐου 2020 No comment

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ESM head Klaus Regling and Europe’s Economy Commissioner Paolo Gentiloni. Photo Source: ESM Greece now has the option to tap into EU emergency funds released for member states to deal with coronavirus (Covid-19) impact, European Stability Mechanism (ESM) head Klaus Regling told the media on Friday. Should Greece choose to use the ESM’s credit line, […]

Airlines, Travel Agents Say EU Covid-19 Guidelines for Vouchers are ‘Confusing’

By admin 14 Μαΐου 2020 No comment

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Photo Source: IATA Europe’s airlines and travel agents are up in arms over a set of much-awaited Commission guidelines with regard to travel and tourism in coronavirus (Covid-19) times, noting that the recommendations are confusing, unclear and non-binding. The Commission’s four-point “Communication on Travel and Tourism”, issued on Wednesday, will “create further

EU Announces Covid-19 Pandemic Credit Line

By admin 11 Μαΐου 2020 No comment

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Exterior of the Europa building in Brussels. Source: newsroom.consilium.europa.eu/ European Union (EU) finance ministers agreed to open a 240-billion-euro credit line to member states in efforts to mitigate the impact of the coronavirus (Covid-19) pandemic on Union economies. Under the emergency response tool, EU member states will have access to European Stability